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Finding an investment property with tenants already in place and significant improvements already completed can be challenging. This fully occupied Mauldin duplex offers both, with a list price of $334,900 and combined rental income of $2,400 per month.
Two Income-Producing Units
Each side offers:
- 2 bedrooms and 1 full bathroom
- A completely renovated bathroom
- New refrigerator and oven/range
- New fans and light fixtures
- Sliding barn doors
- Updated flooring and carpeting
- A private rear patio
The two units have their own distinct finishes, including laminate countertops in one kitchen and butcher-block countertops in the other. Unit A features an entirely renovated kitchen, porcelain tile flooring, and new carpet. Unit B includes luxury vinyl flooring, recently cleaned carpet, and a new HVAC system.
Important Property-Wide Improvements
The renovations go beyond cosmetic updates. The entire duplex has also received:
- A new roof
- A new main sewer drain line
These major improvements can be especially valuable to an investor evaluating the property’s anticipated maintenance needs.
Income and Investment Potential
The property currently generates:
- Combined monthly rent: $2,400
- Gross annual rent: $28,800
- List price: $334,900
- Approximate gross rental yield: 8.6% before expenses
Actual returns will depend on financing, taxes, insurance, maintenance, vacancies, management expenses, and other ownership costs. Buyers should independently verify all leases, rental amounts, renovations, and financial information during due diligence.
Conveniently Located in Mauldin
With convenient access to I-385, Downtown Greenville, shopping, restaurants, and employment centers, this duplex provides tenants with an accessible Upstate location. It offers investors the combination of existing rental income, extensive updates, and two rentable units within one property.
Interested in adding this Mauldin duplex to your investment portfolio? Contact Kevin Wells with North Group Real Estate to schedule a private showing today.